On Yesterday, 7 December 2015, the extraordinary general meeting of shareholders of TenCate ("EGM") approved the proposed appointment of Mr. E.J. Westerink, Mr. J.H.L. Albers and Mr. B.T. Molenaar as members of the Supervisory Board of TenCate. These appointments are conditional on, and take effect upon, Settlement of the Offer.
Mr. E.J. Westerink, Mr. J.H.L. Albers and Mr. B.T. Molenaar have been nominated by Tennessee Acquisition B.V. as Offeror. Accordingly, with reference to the Offer Condition described under paragraph 3.9 under (l) of the Offer Memorandum, the Offeror hereby announces that the adoption of the Appointment Resultion as a condition to the Offer is now satisfied. As announced on Monday, 7 December 2015, the Discharge Resolution was waived by the Offeror following removal by the Boards of item 4 (Conditional discharge members of the Executive Board) and item 5 (Conditional discharge members of the Supervisory Board) from the agenda of the EGM.